XAU/USD faces heat around $1,830 as USD Index attempts recovery
Gold price (XAU/USD) is facing some resistance while extending its recovery above $1,828.00 in the Asian session. The downside pressure in the precious metal is strong as the US Dollar Index (DXY) has attempted a recovery after a correction to near 104.10. The risk-on impulse has retreated and the investors are shifting back to the […]
Sweetgreen stock wilts after results, outlook disappoint
Sweetgreen Inc. (SG) shares dropped in after-hours trading on Thursday following the release of their fourth-quarter results and outlook. The plant-based fast-food chain’s stock fell 9% after closing at $9.29 with a 4.7% decline during regular trading. The company reported a net loss of $49.3 million, or 44 cents per share, for the fourth quarter […]
Resilient Bitcoin Rebounds Above $24K Despite Investors’ Inflation, Labor Market Concerns
Good morning. Today, the cryptocurrency market is showing mixed signals with some tokens rising and others falling. Bitcoin, however, is showing resilience and is trading at $24,052, down 0.4% over the past 24 hours but well off its earlier week high over $25,000. This is encouraging news for investors who have seen the largest cryptocurrency […]
American Airlines former CEO Doug Parker to retire from board
American Airlines Group Inc. (AAL) announced on Thursday that Doug Parker, the airline’s former chief executive, will be retiring from his position as chairman on April 30. He will be replaced by Greg Smith, who joined the board in January 2022 after more than three decades at Boeing Co. (BA). Ray Robinson and Jim Albaugh […]
GBP/JPY skids below 162.00 even as BoJ Governor Nominee Ueda defends easy money policy
The GBP/JPY pair is trading lower near the mid-161.00s as the Japanese Yen remains firmer across the board. This comes despite the incoming Bank of Japan (BoJ) Governor Kazuo Ueda’s defense of the easy money policy. Japan inflation came in mixed but yields retreated from the multi-day top. Japan’s nominee for the new central bank […]
What the Ethereum Shanghai Upgrade Will Mean for ETH Liquidity
The Ethereum blockchain is set to undergo a major upgrade in the second half of 2023, known as the Shanghai upgrade. This upgrade will bring a number of improvements to the Ethereum network, chief among them being the ability for users who have staked their ether (ETH) to withdraw both their staked coins and the […]
Justice Department claims Google destroyed written records tied to antitrust suit: report
The United States Department of Justice made a statement on Thursday that Alphabet Inc.’s Google had destroyed evidence related to an antitrust lawsuit. The lawsuit was examining how Google had managed to maintain its search engine dominance. The government asked a federal judge to sanction Google for its former practice of setting employee chats to […]
XAU/USD exposes to $1,800 as Fed to reach terminal rate quickly
Gold prices have been exposed to further downside, with the potential of reaching near $1,800.00, due to bets on hawkish Federal Reserve activity. The US Dollar Index (DXY) is showing signs of reversal as the Fed is expected to continue its policy tightening. Gold prices have already shifted below the 38.2% Fibonacci retracement at $1,829.45. […]
Exxon Mobil has reduced its workforce for three straight years, while net income, revenue and the stock price have increased sharply
Exxon Mobil Corp. (XOM), disclosed in its 2022 annual report that it had 62,300 employees at the end of last year, which marked a third consecutive year that the oil giant’s workforce has been reduced. In 2019, the company had 74,900 employees; however, a sharp drop in oil prices to start 2020 due to the […]
Pangolin DEX integrates Orbs’ dTWAP order type
Rewrite and expand this content to 800 words Exchange Pangolin (PNG/USD), an Avalanche-based DEX protocol, now supports decentralised Time Weighted Average Price (dTWAP), which is powered by proof-of-stake blockchain platform Orbs. The integration continues the close partnership between the two platforms, the Orbs team announced on Thursday, with the news seeing the two platform’s native […]